Turn customer contracts into deferred revenue, contract assets, and clean ASC 606 journal entries
5 sections · 8 lessons
Define when an arrangement falls within ASC 606, when contracts combine, and which distinct performance obligations belong on the PO list.
3 lessonsApply SSP allocation, then determine when revenue is recognized over time or at a point in time, including contract asset and liability entries.
2 lessonsTrace subscription and usage-fee accounting, with stand-ready obligations, invoicing terms, and month-end cutoff entries.
1 lessonApply customer prepayment, gift card breakage, and contract modification rules to the required catch-up or prospective journal entries.
1 lessonPrepare contract balance rollforwards and ASC 606 disclosures, including presentation of contract assets and liabilities that reconcile to the GL.
1 lessonMapping a customer contract into ASC 606 starts the work of deciding what is deferred, what is recognized, and what still sits in contract balances. This course is built for accountants who record and review US GAAP revenue and need a practical handle on five-step model outputs, allocation, timing, modifications, and disclosure. By the end, the reader can trace a contract through the core revenue judgments and produce entries and balance sheet support that hold up in day-to-day accounting.
The course covers contract identification, combining arrangements, distinct performance obligations, SSP allocation, and the timing split between over-time and point-in-time recognition. It also addresses subscriptions, usage fees, prepayments, gift card breakage, contract modifications, and the presentation and disclosure of contract assets and contract liabilities.
From project managers and operators to founders, analysts, and teams adopting AI, Fenzo is for people who want to get better at the work they already do.
Anything from using AI for project planning and analysis to improving workflows, decision-making, communication, and delivery. If you can describe the skill or task, Fenzo can build a course around it.
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See Fenzo for BusinessYou start by describing your goal or taking a short skill benchmark. Fenzo uses that context to identify gaps and shape the learning experience around them.
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Something to operate in every section.
Three findings from decades of learning research shaped how every Fenzo lesson is built.
Average pass rate · Freeman et al., PNAS 2014
What the science says
Students in lecture-only classes are 1.5× more likely to fail.
How Fenzo does it
Every Fenzo lesson is interactive. No passive reading or watching, ever.
You work through itAI does it for you
Skill retention over time · with vs. without practice
What the science says
Offloading thinking to AI erodes the very skills you’re trying to build.
How Fenzo does it
Fenzo makes you do the thinking — guided, but never done for you.
Retrieval practiceRe-reading
Long-term recall · retrieval vs. re-reading
What the science says
Recalling information beats re-reading it for building durable understanding.
How Fenzo does it
Lessons weave in quizzes and recall prompts, so it sticks.